Energy Absolute Public Company Limited (SET: EA), the debenture issuer, has convened Debentureholders’ Meeting No. 5/2025, underscoring the need for greater flexibility in managing its debt portfolio.
According to the disclosure dated 9 October 2025, the joint meeting of 13 tranches is scheduled for Friday, 17 October 2025, at 14.00 hrs, and will be conducted in a hybrid format — both in person and electronically.
Market focus centers on Agenda 3, which seeks approval from debentureholders to grant a waiver allowing EA to negotiate with its creditors, including debentureholders and financial institutions, for the postponement of debt repayment schedules or amendments to existing debt structures.
This pre-approval is essential to prevent a technical default, ensuring that any negotiation or subsequent signing of related contracts or agreements will not be deemed an event of default under Clause 11.1(j) of the Terms and Conditions for the relevant debentures.
If granted, the waiver will take effect immediately and remain valid until December 2025.
Voting on Agenda 3 will be limited to debentureholders of 11 specific tranches, including EA257A, EA259A, EA279A, EA299A, EA329A, EA261A, EA281A, EA301A, EA331A, EA269A and EA289A. Two tranches — EA297A and EA298A — are excluded from the vote, as their Terms and Conditions do not include Clause 11.1(j).
The debentureholders’ register was closed on 2 October 2025 to determine eligibility to attend and vote.
